Savings account rates remain the same as compared to a week ago, with the highest yield at 5.84% for a $2,500 minimum deposit account.
Online banks and credit unions tend to offer higher interest rates than traditional banks.
High-yield savings accounts may require specific conditions to earn higher rates, such as membership obligations or larger deposits.
Average APY for traditional savings accounts is 0.22%, while high-yield accounts offer up to 4.88% for a $10,000 deposit and 3.94% for a $25,000 deposit.